FedEx® Office Makes It Big In The Commercial Domain
It’s been 8 years that FedEx had laid its feet into office and printing services, after the corporation acquired Kinko’s. In its latest venture, it seems that FedEx is putting in efforts to move towards a boarder chunk of the commercial printing market.
FedEx has been installing up to 8,000 networked printing devices in various stores across the U.S. and Canada since 2010. Lately, the corporation has added automated finishing equipment at a new location and also plans to install high-speed inkjet printers in various centralized production centers.
FedEx has been making good revenues from all its segments and has also made innumerable investments. These investments are now helping FedEx enter the Boeing agreement.
According to Donald Broughton, an analyst with Avondale Partners: "Boeing agreement sounds like a Xerox-type document management service that FedEx has been offering and competing with the Xeroxes of the world for quite some time now."
Boeing is one of the largest suppliers of FedEx and is also one among the receiving end in capital expenditures.